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(NewsNation) — News about Kevin Costner’s pet project, the Horizon quartet — a series of four sequential westerns — keeps getting worse.
The first “chapter,” which cost Costner $100 million of his own money to make, debuted in theaters June 27 and bombed. Badly.
According to the New York Times, “Horizon: An American Saga — Chapter 1”, “made $11 million in its opening weekend and has generated just $22.6 million overall.”
Now, the film’s distributor, New Line Cinema, is delaying the second chapter which was set to debut in August.
In a statement, a rep for New Line said the second chapter was being delayed “in order to give audiences a greater opportunity to discover the first installment of ‘Horizon’ over the coming weeks.”
Read: The first movie did so badly that it’s going almost straight to streaming.
This “Horizon” bomb should come as no surprise to readers of this newsletter.
As I wrote in May, Costner was facing a major flop after the movie was panned at Cannes.
According to my newsletter: While “Waterworld” was Costner’s most notorious flop, he didn’t pay for (all of) the $175 million it took to make the film (Costner is known for investing in every movie he makes). He did, however, pony up most of the $85 million to make “The Postman,” which only made $20 million at the box office.
But the repercussions for “Horizon” should audiences take critics’ warnings are dire. Costner could lose his beloved home and once again spend time as a laughingstock (“Waterworld” was so bad, it was mocked as “Fishtar” — a take on the worst movie of all time, “Ishtar”).
I’m hearing the rest of the film quartet will go straight to streaming… if at all.